ACCTG 6 PROJECT IS DUE October 20, 2020 TUESDAY AT 11:59 P.M.

The project is a study of the Merger between United Airlines and Continental Airlines. There are five questions related to the merger. Although the merger was initiated in 2010 many issues still exist today in 2020 related to that merger.

Suggested Sources:

Goggle the Merger, United Airlines SEC 10K report, Audited Financial Statement for years 2010 and thereafter- the section of Notes. You may start your review with the following Google search.

http://www.nytimes.com/2010/05/03/business/03merger.html?mcubz=3

Use this file to enter your answers then upload your file. HINT - Much of the information required can be found in the Notes of the Financial Statements.

There should be a breadth of discussion in your answers. One or two line will not garner full points. Each question is worth 5 points.

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Name Accounting 6, Section 1032 -PROJECT

1. How was the merger between United and Continental structured?

Which is the survivor?

Who holds what % stock after the merger?

1. What accounting method was used to account for the merger of Continental and United?

What are the reporting implications?

1. What items of value did Continental bring to the merger that will not be recorded in the acquisition?

1. How will the items of value that Continental brought to the merger in #3 affect future reported income for the combined firm?

1. In your opinion was this a successful merger?

Which company do you think gained the most benefit? Why.